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Nasdaq Drops for Third Day on Global Growth Worries

By contrast, defensive sectors, including utilities, consumer staples, and genuine estate, led a SP’s vital sectors in commission gains.

“Growth bonds are so supportive to tellurian expansion expectations,” pronounced Chad Morganlander, comparison portfolio manager during Washington Crossing Advisors in Florham Park, New Jersey. “Any time we see regard about that, you’ll see a annulment of that trade.”

The Dow Jones Industrial Average rose 39.73 points, or 0.15 percent, to 26,486.78, a SP 500 mislaid 1.14 points, or 0.04 percent, to 2,884.43 and a Nasdaq Composite forsaken 52.50 points, or 0.67 percent, to 7,735.95.

The U.S. bond marketplace was sealed for a Columbus Day holiday.

Shares of Google primogenitor Alphabet Inc were pressured after Google announced that information from adult to 500,000 users of a amicable network Google+ might have been unprotected to outmost developers. The association pronounced it would close down a consumer chronicle of Google+. Alphabet shares finished 1 percent lower.

General Electric Co shares rose for a sixth day in a quarrel after a association pronounced it skeleton to sell $1 billion in appetite investments to Apollo Global Management LLC. GE shares finished a event adult 3.3 percent.

Article source: https://www.nytimes.com/reuters/2018/10/08/business/08reuters-usa-stocks.html